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Agenda

THE MASDAR INITIATIVE

MASDAR CITY OVERVIEW

LIFE IN MASDAR CITY

DOING BUSINESS AT MADSAR CITY

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Masdar’s mission

Masdar is Abu Dhabi’s Future Energy Company

It is a wholly-owned subsidiary of the Mubadala investment company and has a multi-faceted mission to:

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Masdar’s business units

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• Masdar Institute• Masdar City

• Masdar CleanTech Fund

• Direct Investments• Masdar City

• Masdar investments• Manufacturing• Deployment• Masdar City

The Cleantech lifecycle

STAGE 1 STAGE 2 STAGE 3

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Masdar Institute

A graduate level, research driven university in partnership with MIT Offering Master’s and PhD programs in science and engineering disciplines, focused on alternative energy, environmental technology and sustainable development.

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Masdar Institute

100 students commenced studies Sept 2009 Occupying a new campus located at Masdar City

in early 2010 Full bursary for all students

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Masdar Institute profile

Independent, not-for-profit, research-driven graduate level institute

Developed with the support and cooperation of the Massachusetts Institute of Technology (MIT)

Offers Masters and PhD programs in science and engineering disciplines, with a focus on alternative energy and sustainable technologies

Welcomes and encourages applications from qualified local and international students and provides fellowships to talented students who meet its high admission standards

World class Faculty recruited with the assistance of MIT

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Masdar Institute vision

MIST VISION

To be a world class, graduate-level research and educational institution

Provide the world with future leaders and critical thinkers in science and technology

Position Abu Dhabi as a knowledge hub and engine for socioeconomic growth

MIST EDUCATIONAL PROGRAM MISSION

Provide students with the knowledge, skills and experience necessary for successful careers in industrial or academic roles in their chosen fields

Provide students with domain expertise and alternative energy and sustainable technologies and policies

MIST MISSION

Establish the nucleus of a high technology research development infrastructure

Develop a highly skilled pool of human resources capable of accelerating the development of indigenous technology and enterprise

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MIT involvement

Masdar Institute of Science and Technology is being established with the guidance and adviceof MIT, to be modeled academically and administratively after MIT

MIT Assists in Development of degree programs and curriculum

Recruitment of Faculty and high level administration

Joint collaborative research between MITand MIST faculty

MIST faculty spend up to one year at MIT working with their MIT counterparts on graduate course development and research projects

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MI educational program components

ACADEMICS Coursework

Provides technical and analytical skills Seminars, training sessions and workshops

Provides additional extent and breadth of knowledge

RESEARCH Thesis

Provides deep expertise in a topic of regional and/or global importance

Provides capabilities in planning, problem formulation, data gathering and integration, and communication

Multidisciplinary collaboration Provides broad perspective needed in both academia and industry

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Masdar Institute programs

2011

PhD Program begin

2010

Microsystems Electrical Engineering

2009

MSc Materials Science and Engineering

MSc Mechanical Engineering

MSc Engineering Systems and Management

MSc Information Technology

MSc Water and Enviroment

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Educational programme strategic design

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Research

Beyond classroom training, novel research is a key element of the MIST educational experience

Each student is required to complete an original thesis pertaining to a research topic of his or her choosing

Collaboration across programs is encouraged to provide an intellectually stimulating environment that fosters new innovations and ideas

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Research exchange mechanisms

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Masdar City

Masdar City will be a crucible for the discovery and development of clean and sustainable technologies. It will bring together government and academic institutions, multi-national and start-up businesses, and ambitious and motivated individuals, within the world’s first city for sustainable living. This city will provide a test-bed for emergent innovations and, in the process catalyse and world-class cleantech hub in Abu Dhabi.

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Home of Irena

The International Renewable Energy Agency (IRENA) is an intergovernmental organization focusing on renewable energies

The overarching goal of IRENAis a rapid transition towards the widespread and sustainable useof renewable energy worldwide

The IRENA HQ will be locatedin Masdar City in the MasdarHQ building

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Masdar power

As a renewable energy power project developer, Masdar Power adds renewable energy to the electricity generation mix on a world wide scale

The unit makes direct investments in individual utility scale projects in all areas of renewable energy and sustainability, with a focus on concentrated solar power (CSP), Photovoltaic solar energy and on and offshore wind energy

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Masdar power

Masdar Power is developing a 100MW CSP plant in the Western Region of Abu Dhabi Emirate, called SHAMS 1

International projects include the 1GW LondonArray offshore wind farm and a wind farm in the Seychelles that will provide 25 percent of the island’s energy needs.

The unit also is developing a 500 MW hydrogen-fired power plant in Abu Dhabi that uses advanced technologies to make hydrogen power commercially viable today by feeding the CO2 into the CCS network to be developed by Masdar Carbon.

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Solar investments – UAE

The Abu Dhabi is committed to a 7% target of renewable power capacity by 2020, which is 1,500 MW, mostly from solar

Masdar is investing in utility scale Concentrating Solar Power (CSP) and PV projects

CSP is a dispatchable renewable energy source and key to achieving a large part of the target.

Shams 1 is the first CSP plant using parabolic trough technology in Abu Dhabi. Masdar owns 60%, a foreign shareholder the remaining 40%

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Solar investments – UAE

Location Madinat Zayed, Abu Dhabi

Capacity 100 MW

Power generation 210 GWH/a

Start of operation 2012

Plant footprint 2.5 km2

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Solar investments – Torresol

Torresol is a Joint Venture between the Spanish group Sener and Masdar. The company develops, builds, owns and operates Concentrated Solar Power (CSP) plants.

Technology Focus: The Company focuses on Tower and Parabolic Trough technologies; all projects have storage capacity.

Markets: Torresol is currently building 3 plants in Spain (Fully project financed and EPC contracted), and is currently looking at opportunities in the Middle East, North Africa and North America.

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PLANT TECHNOLOGY LOCATIONCAPACITY

(MW)PRODUCTION

(GWH)

GemasolarCentral tower

Spain 17.5 ~100

Valle 1&2Parabolic

troughSpain 2 x 50 ~2 x 175

Solar investments – Torresol

PROJECTS

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Wind investments – London Array

Offshore wind is the fastest growing renewable energy sector with potential for 30 GW by 2020

Located in the Outer Thames Estuary, close to London (UK)

Will be the largest Offshore Wind Farm in the World, with a first Phase of 630 MW (1,000 MW consented)

Phase 1 will use 175 Siemens 3.6 MW wind turbines

Ramsgate

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Wind investments – London Array

Masdar is partnering with the leading Offshore Wind developers: E.ON: 54,000MW of installed generation

capacity including 2,000MW of wind

Dong: Number 1 offshore wind developer (330MW operating,1,200 MW in development)

Masdar owns 20% of the Project

Phase 1 project costs estimated ₤2.2bn

Project Completion: Jan 2013

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WinwinD represents a €120 million investment for Masdar in the high growth wind turbine industry, building out Masdar’s expertise across the wind sector value chain. The annual world wide wind turbine market presently represents $30bn.

Wind investments – WinwinD

TECHNOLOGY

Unique Multibrid technology

Combines the reliability of a directdrive with the compactness ofa traditional gear system

Results in high availability,high reliability, high outputand low maintenance costs

Installed base of ~250MW 3MW

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*Annual production capacity

Wind investments – WinwinD

MARKETS & FACILITIES

Two greenfield purpose built facilities completed in 2009 in Finland and India

Hamina, Finland facility produces 3MW turbines primarily servicing Nordic Europe and actively expanding throughout the continent

Chennai, India facility produces 1MW turbines and blades, supplying Europe, India and beyond

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Masdar clean tech fund

INVESTMENT CRITERIA

Range preference of $5M to $50M per investment distributed evenly through Series A-D rounds

Breakthrough technology with solid intellectual property protection

Strong management teams

Global scope

INVESTMENT FOCUS

Power generation, Storage, Transport, Water, Waste management, Advanced materials, Building efficiency, Power grid efficiency, Enabling technologies

International companies that Masdar can add value and strategic support of commercialization and productionin the MENA region

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MASDAR CLEAN TECH FUND I-$250M

Direct investments in 12 clean tech companies

Invested in 4 leading funds focusing on cutting-edge clean technology

By Stage

Early Stage($1-3m)25%

Late Stage(~$20m) 30%

Growth Stage($5-12m)45%

By Sector

FundInvestments30%

Other15%

Water20%

Masdar clean tech fund

Solar35%

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Masdar carbon

GOALTo become a leader in carbon reduction projects in the region

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OBJECTIVES STRATEGY

Masdar carbon strategy

Drive the progress to a low carbon economy in the Middle East & Africa

Become a global leader in carbon emissions reduction projects

Focus on target sectors: Oil & Gas, Renewable Energy and Energy Efficiency

Carbon Capture and Storage (CCS)

CDM projects

Build on Abu Dhabi’s energy legacy and position in the region

Establish partnerships with leading carbon players

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The CCS network project – Abu Dhabi

National Carbon Capture & Storage network CO2 capture from existing and future

power & industrial sources Transportation pipelines Injection in oil reservoirs for EOR

Targeting a significant cut to Abu Dhabi’s carbon footprint

Phase 1 project launched inAug 2008 (FEED) targeting 5 million TCO2 capture per year

Build an early model of large scale commercial stage application

Drive carbon capture technological progress

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End-to-end CDM solution

CAPACITY BUILDING

Institutional DNA, CDM project development, carbon markets for: Government institutions (Ministry of Energy, Ministry

of Environment etc.) Oil, gas and power companies Other industries (cement, sugar, fertiliser etc.)

ORIGINATE COMMERCIALISE

PROJECT IDENTIFICATION:

Opportunity assessment, project screening, feasibility studies and site inspections

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End-to-end CDM solution

CDM DOCUMENTATION

Project Idea Notes (PINs), Project Design Documents (PDDs) and new Methodologies

PROJECT MANAGEMENT

Technology sourcing, physical project management, local/UN approvals, verification, monitoring of emissions

CARBON FINANCE

Carbon asset commercialization, equity finance, project finance

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Clean development mechanism

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Process & responsibilities

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Masdar carbon

GEOGRAPHICAL FOCUSMiddle East and Africa (leads in Senegal, Cote d’Ivoire, Ghana, Angola, Nigeria, Togo, Morocco, Tunisia, Egypt, South Africa), Central Asia (leads in Uzbekistan and Azerbaijan)

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Masdar carbon

TARGET CDM SECTORSOil & Gas

Power

Renewable Energy 

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Flare gas reduction and recovery project

Flare gas reduction and recovery project

CO2 recoveryfrom flue gas

Flare gas reduction and recovery project

Waste Heat Recovery 100 MW Concentrated Solar Power plant at MASDAR City

Low pressure gas network rehabilitation

Flue gas recovery for ammonia production

Masdar CDM project portfolio

Recovery and utilisation of flare waste gases

Fuel switch in industrial facilities

Energy efficiency improvements

Waste heat recovery

CO2 recovery

Pipe leak reduction

Waste to energy

Renewable energy (wind, solar)

Zero carbon – Masdar City

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World Future Energy Summit

The Davos of the renewable energy industry, that meets in Abu Dhabi every January.

There were over 18,000 attendees in 2009.

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World future energy summit

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Zayed future energy prize

Honoring those who have made the greatest contribution to renewable energy and sustainable living.The award winner has devoted more than 13 years of his life in developing one of the most successful market- based sustainable models to reach the off-grid rural people on a mass scale.

Under his leadership Grameen Shakti has installed more than 200,000 Solar Home Systems, to become one of the largest and fastest growing Solar PV programs in the world benefiting more than 2 million rural people all over Bangladesh.

2009 Winner Mr. Dipal Chandra Barua- Grameen Shakti, Bangladesh

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Location

The Masdar Initiative is based in Masdar City, Abu Dhabi.

The United Arab Emirates is strategically located at the crossroads between the east and west.

A gateway to the Middle East and North Africa, the Indian Sub-continent and Europe.

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Market opportunity

Access to emerging markets:

• MENA

• Indian Sub-continent

• Levant

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United Arab Emirates

UAE FAST FACTS

Population (2009): 4,800,000

Surface Area: 83,600 km²

GDP per capita (2008):

US$ 40,000

Exports (2008)US$ 210,500 (millions)

Imports (2008):US$ 145,800 (millions)

Major Trading Partners

(2008, % of Imports)

China (13.5%)

India (9.8%)

USA (9.2%)

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Masdar City location – Abu Dhabi

ABU DHABI FAST FACTS (2007)

Population: 930,000

GDP per capita: $64,300 USD

Annual Tourists: 1,800,000

Residential Units: 180,000 (approx.)

Office Space: 1,400,000 m²

Industrial Space: 4,000,000 m²

Tertiary Institutions: 13

Source: Plan Abu Dhabi 2030, EIU

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MENA & GCC economic outlook

MENA is growing ahead of the global economy

Emerging markets have contributed 2/3 of global growth since 2002.

EM Major beneficiaries of ‘Great Moderation’ – the large decline in the volatility of inflation and real GDP – starting in the early 1980s.

Increased evidence of ‘de-coupling’ from US/EU business cycles

MENA countries have achieved above trend average real GDP growth (5.9%e over 2004-2008).

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MENA & GCC economic outlook

GCC have achieved average real GDP growth of 7.9%e over 2004-2008 vs. 4.6% in 1998-2003, with increased diversification of economic activity, while in nominal terms growth has averaged over 25% p.a.

Growth is investment led with strong private sector participation and record FDI levels.

Investment & infrastructure leading to an increase in productivity growth, economic diversification and absorptive capacity.

Positive demographics & migration sustaining low labour costs & output growth.

Total GCC medium-term project investments stood at $2,193bn. Of this 41.8% ($918bn) is within the UAE.

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UAE double taxation agreements

Algeria Canada India Malaysia Philippines Thailand

Armenia China Indonesia Malta Poland Tunis

Austria Czech Republic Italy Mauritius Romania Turkey

Azerbaijan Egypt Japan Mongolia Seychelles Turkmenistan

Belgium Finland Jordan Morocco Singapore United Kingdom

Belorussia France Korea Mozambique Spain Ukraine

Bosnia Germany Lebanon New Zealand Sudan Yemen

Bulgaria Holland Luxembourg Pakistan Syria

The UAE has signed double taxation treaties with over 45 countries

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Financial crisis– impact on MENA & The Gulf

MENA, especially the Gulf region, has not been severely hit by toxic assets and financial turmoil thanks to: Profitable domestic markets Small stock of outstanding securitised/structured products Limited expertise in managing structured investment products Regulatory/prudential requirements limited exposure to sub-investment

grade investments & instruments Growing importance of and compliance with Shari’a Ample liquidity from the increasing net capital flows (due to high returns) and

from oil exports Fiscal discipline and sizeable stock of foreign assets

However the drop in oil price will cloud the outlook and put strains on public finances

Contagion came from the equities slump as a resultof deleveraging, the ensuing global credit crunch,and – needless to say – a drop in commodity prices

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Masdar City

Masdar City is a 6 sq km cleantech cluster that has been designed using traditional arabic principles of architecture and planning, combined with the latest environmental technologies to create a carbon neutral, sustainable, low waste city that provides an attractive quality of life.

An international seat of learning, specialising in sustainable and alternative energy study is at its heartand will help Masdar City to become an hub of research and development into these critical

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Masdar City

It is a development model that encourages innovation and partnership in the research and development of different environmental technologies.

It is within a business environment that is designed to promote entrepreneurship, by reducing bureaucracy and increasing incentives, including a zero tax footprint.

The City is ideally located at the crossroads of one of the fastest growing regional economic areas, and offers easy access and a secure regulatory system to facilitate trade and development within this area.

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Masdar City – site

Masdar City brings together all of the functioning aspects of a modern city while reducing the environmental impact without sacrificing the quality of life.

Reinvention of the traditional Arabic city where the person, not the vehicle is paramount.

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Masdar City – site

MASDAR CITY FAST FACTS

Total Site Area: 700 ha

Large Square:Small Square:Supporting Infrastructure: Landscape:

225 ha55 ha45 ha375 ha

Resident Population: 40,000

Commuters: 50,000

Residential Density:140 People/Hectare

Peak Daily Density:245 People/Hectare

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Masdar City’s phased development

The Phased developmentof the Cleatech test bed.The phasing allows the testing and development that will take place during the construction and operationof Phase 1 to be includedin subsequent phases.

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Masdar City

A Sustainable City providing the highest quality of life with the lowest environmental footprint

Cleantech Cluster

Powered by 100% Renewable Energy

Zero Waste

Carbon Neutral

Fossil fuel Free

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Masdar City

OBJECTIVES Nurture innovation and promote invention

Set ambitious challenges, and assist partners to achieve them

Prove that sustainable living can enhance quality of life

Have registered a significant number of meaningful new patents by 2015

Improve PV cell efficiency by 30% by 2020

Achieve solar grid parity by 2020

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Masdar City is unique

The city will be powered entirely by renewable energy The city has been designed to operate as efficiently as possibly,

and to utilise the latest energy efficient technologies and design The city will contain the world’s first city-wide, carbon neutral

public transportation system The city has a ‘low water use’ objective The city’s ‘Test bed’ concept means that it is being designed,

developed and occupied through innovative technology-development partnership Pushing the boundaries of construction technologies

to achieve sustainable breakthroughs Full-support and partnering to achieve these objectives In-city testing of emergent technologies

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Cleantech cluster

Flagship tenants include: IRENA, GE, BASF...

Pro-business environment

Strategic access to markets

Access to R&D and Business incubation funds

0% import tariffs

0% business or personal tax

100% foreign ownership

No restrictions on capital movement

Very robust IP protection

Special, best practice, legal and regulatory regime

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How does the city work?

Intelligent planning and design

Carbon neutral power supply

Carbon neutral transportation and mobility

Low water use and carbon neutral production

Low waste

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Inspiration from traditional arabic cities

Narrow streets

Natural shading

High Density/Low Rise Living

Public spaces

Mixed Use

Walkable

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City layering

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A city powered by renewable energy

100% renewable energy

170 MW from Photovoltaics

<30 KWh per capita per day energy usage (9x LESS than USA)

Less energy usage results in a lower per sq m cost

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In partnership with:

10MW photovoltaic plant in operation

5MW thin-film and monocrystalline

Registered under the UN’s CDM programme

Connected to the Abu Dhabi Grid

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Carbon neutral

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Integrated mobility

Walking, electric vehicles, cycling, PRT and LRT arethe modes of transportation within Masdar City

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PRT

Car Park (outside)

Transportation grid

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Integrated mobility

Interior view of the PRT

PRT FAST FACTS

PRT Vehicles 3,000

PRT Stations 85-100

Max. Walking Distance to PRT Station

150 m

Personal Rapid Transit (PRT)

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Waste management strategy

50% of materials recycled

33% waste-to-energy

17% composting

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Sustainable supply chain

Tracking the carbon footprint and embedded carbon of all products going into Masdar City

Detailed life-cycle analysis of all products (cradle to cradle)

Assisting partners in developing a more efficient supply chain

Creating a database of “Masdar Approved” products

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Water strategy

Reduce consumption to 100 L/p/d

Reduce water leakage to 3%

Recycle 90% of grey water

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Sustainability approach

“Triple Bottom Line” approach to Sustainable Development

Sustainability Management Systems

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Why Masdar City?

Masdar City is conceived to drive innovation and business success in the Cleantech sector

Masdar City provides a strategic platform delivering access to key markets

The Masdar Vision presents opportunities for a rangeof partners

Masdar City’s unique architectural concept enhances quality of life whilst achieving considerable improvements in sustainability and providing opportunities for important research and technology testing

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Opportunities

ICT

Transportation

Energy Utilities

Infrastructure City Management

Real Estate

Architecture and Planning

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